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hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
seal a budget deal? it doesn't sound like. they did have a big win tuesday with cut, cap and balance. still no debt deal on the table. the clock seems to be ticking very fast. our next guest is pointing the finger at president obama, calling the president clever and slick. what does he mean? we asked karl rove. nice to see you. >> great to see you. >> greta: in add's "wall street journal", you described the president's press conference a week ago you said it was a b -- buff foe performance. i telecommunication a tough of sarcasm, tell me what you mean? >> i mean ironic. it is not sarcastic, i'm being ironic. the president gave an outstanding theatrical performance. he started off by blaming others. we expected them to blame bush. he also blamed the democratic congress. saying they had runaway with the credit card. they were just doing what he was telling them to do. he insisted that others solve the problem. he said within 24 to 46 hours i demand congress give me a plan. he said the worst alternative to come out of this would be if we raise the debt ceiling without taking any steps t
says she manages the migraine with medication and is otherwise healthy. with all of that said, big news out of texas today, the gor rick perry who said he recently feels a calling to national politics has now gotten green light from key constituent, his wife. >> as my wife was talking to me and says get out of your comfort zone. yeah, being governor of texas is a great job. but sometimes you are called to step in to the fray. >> reporter: no word on a timetable yet. unclear whether perry will participate in the straw poll. his aides here tried to respect event facilities and were told they missed the deadline now they're pulling back resources. perhaps he won't participate the straw poll but there is a chance he could be on the debate stage a few days beforehand. >> bret: a lot of flirting he going on. thank you. we'll talk about it in the panel. the man charged with the 2009 fort hood shooting rampage major nidal hasan was arraigned today and faces 13 counts of premeditated murder and 32 counts of attempted premeditated murder. the prosecution is seeking the death penalty. we'll show y
that would have included up to a trillion dollars in new revenue. it seems like the republicans talk a big game about solving the nation's problem. but they are really only interested in one thing, that's winning back the white house. mitch mcconnell said this on fox news. >> the most important thing we want to achieve is for president obama to be a one-term president. >> that is true. that's my single most important political goal along with every active republican in the country. >> joining me now, is the independent senator from vermont, senator bernie sanders. senator, thank you for being here tonight. how do you explain the republicans unwillingness to compromise to get the big deal that they said they wanted, to put everything on the table. the president said fine now they back down. >> what they said is they would like everything on the table. so long as it means cuts to social security, medicare, medicaid, the needs of our children, and the environment. all of that is on the table. but if you asked billion airs it start paying a little bit more in taxes or if you do away with loop
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
: the "the washington post" had a big front pager. apparently everybody from dianne feinstein, barbara were reportedly really upset and demanding answers from the top guy there jack lou on what this deal is w. boehner saying wait a second. >> you may be about to sell us out here. the democrats actually could, some are thinking, be the ones to scuttle any deal in the senate because of cuts, actually. >> bill: well, and this is the president's major mistake. he is not articulated to anybody what his vision is for getting out of this debt jam. let's be really simple because i'm a simple guy as you know, laura. first thing is under president obama we are now running up a debt at $4 billion a day. all right? nobody has ever come close in the history of this country to spending this much money $4 billion every single day is added to the debt. that's on the president's plate. he can make excuses for it he can do a little dance, but that is the fact, jack. so now the president has to say here's how i'm going it get the debt down, exactly he won't say it not only are republicans fearous about the de
was a big month for american auto makers. cite her says -- chrysler says sales was up 30%. general motors and ford report 10% increases. toyota and honda were off more than 21%. home construction fell 2.1% in may. overall, construction spending was down .6 of a percentage point. it could be four years before the construction returns to healthier levels. manufacturerring activity was up a bit in june after the worth month in two years in may. stocks ended the week on a high note. dow gained 168.5. s&p 500 up 19. nasdaq finished up 2.5. >>> governors in two midwestern states find themselves under fire tonight. one for not getting a budget deal done and another for the budget dealhe did get done. correspondent mike tobin has that story from chicago. >> with protesters already outside his door, ohio republican governor john kasich dove deeper in controversy signing a budget that closes a $6- to $8 billion budget gap with deep and painful cuts. hardest hit are private nursing homes with a #% reduction in medicaid funding. the powerful ohio healthcare lobby responded with a dramatic add campaig
: this scandal may not seem like a big deal from afar but it's already left the prime minister scrambling, the head of scotland yard has resigned, and a skating parliamentary report accused rupert murdoch's company of deliberately trying to thwart a criminal investigation into the illegal activities of his newspaper here. >> isn't it time that we sent this non-tax paying murdoch back from whence he came? >> reporter: the prime minister didn't have to. murdoch boarded his private jet to fly home to the u.s. no doubt happy to leave london and all the turbulence behind. jeffrey cough rkofman, abc news loloon. >> certainly not over yet though as this continues to grow and we're investigating issues here. people, perhaps 9/11 victims, who might have had their cell phones hacked. >> it's scary. judging by the atmosphere there. and the number two, headlines in australia this morning, now that country may be stepping into the investigation to see if phone hacking occurred on their turf. so this thing's snowballing out of control. >> that's for sure. agreed. although you can hop in your private je
with fake documents to get real passports and then come to the u.s. and a big part of the problem is that countries aren't sharing information with each other. part of this government accountability office report says "even when countries have terrorist screening information, they may not have reciprocal relationships to share such information or other traveler information such as passenger airline lists with other countries to limit the ability of preventing travel of known or suspected terrorists." even though a passport can't kill someone, it can help a bad guy get in position to do some serious damage. >> travel documents are the same as weapons to terrorists. they can't carry out their plots without them. with our partners, and again, some of that is out of our control. we're closer to a c. >> and this gao report deals heavily with the breakdown, basically in communication with other countries. here at home, though, we are not perfect because since november 2001, just a few weeks after 9/11, there have been 25,000 security breaches at u.s. airports. that's about seven a day a
warren warren buffett and i agree. he is making mistakes. >> laura: the "the washington post" had a big front pager. apparently everybody from dianne feinstein, barbara were reportedly really upset and demanding answers from the top guy there jack lou on what this deal is w. boehner saying wait a second. >> you may be about to sell us out here. the democrats actually could, some are thinking, be the ones to scuttle any deal in the senate because of cuts, actually. >> bill: well, and this is the president's major mistake. he is not articulated to anybody what his vision is for getting out of this debt jam. let's be really simple because i'm a simple guy as you know, laura. first thing is under president obama we are now running up a debt at $4 billion a day. all right? nobody has ever come close in the history of this country to spending this much money $4 billion every single day is added to the debt. that's on the president's plate. he can make excuses for it he can do a little dance, but that is the fact, jack. so now the president has to say here's how i'm going it get the debt down,
. they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the economy. >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a simple vote. >> the admini
current and pulled over a big waterfall at yosemite national park. and searchers are out looking for their bodies today wednesday, july 20th, 2011. captions paid for by nbc-universal television >> and good morning, everyone. welcome to "today" on a wednesday morning. i'm matt lauer. >> and i'm ann curry. as you see, it's 76 degrees already at 7:00 a.m. here in new york city. and new york is one of 32 states under a heat advisory warning today. >> i think you can see that shot from above, the haze that's hanging over the city. apparently a lot of the country is trapped inside what people are calling a heat dome. inside that dome temperatures in the 90s and 100s in areas that aren't used to getting that hot. now you throw humidity on top of that, and there is simply no way to escape. how long will all this last? we'll check in with al roker on that in just a moment. >>> then we're going to talk about wendy murdoch, the wife of rupert murdoch. she was the first person to leap to her husband's defense when a protester tried to hit him in the face with a pie as he was testifying in fr
the democrats point of view, no tax hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right t
>>> tonight on "world news," big broil. the record heat, 90 million people sweltering. parts of texas turning back into a dust bowl. not enough water for the cattle. >>> double dare. with the economy on the brink over the debt talk, the president warns social security checks could be in jeopardy, as republicans claim they now have a last ditch plan. >>> jay see dugard. tonight, neighbors who saw the backyard where she was being held, speak out about what they wish they had done. >>> and, our made in america summer. an army of families showing you the one thing they bought and love to help create american jobs. >>> good evening to you. and here is how it looks and feels in temperatures as high as 105 degrees in america tonight. 90 million americans sweltering. record-breaking heat across the country. and look at that. temperatures soaring above 100 degrees, and there is drought so bad, cattle farmers are making very tough choices. that is the map. half of the country in the sweltering heat tonight, and abc's steve osunsami is in atlanta to report for us. >> reporter: across no
is it about the american people or one big re-election campaign? we report, you decide. >> meanwhile, the united states government arming a mexican drug cartel for war? and when people said hey, this doesn't smell right, a brand new report says that's when the cover-up began. yes, the cover-up, brian. >> yes, a grandmother confronted by a naked intruder. >> again? >> not in my house! >> be strong. there's always a way to protect yourself. use it! >> but this crook picked on the wrong lady. "fox & friends" the right show for you because we start right now. >> come on in, folks and welcome to our tuesday telecast. we have lots to talk about because the president of the united states and the speaker of the house last night decided it was time to go in front of the american public to make their case. >> again? as brian just said about the other story, again? >> right. >> how many times do we have to have a press conference to try to figure out what the hell to do with our debt? it's one press conference after another and i think the american people are getting darned tired of it. >>
's been called a heat dome. we'll tell you where that is, it sits over a big portion of the country. stay cool. >> i'm hot and sweaty. >> it's like sitting in a sauna all day long. >> hot and tired. it makes you, you know, lose your energy quick. [ male annocer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. patti ann: minnesota's state government is back in business. democratic governor mark dayton signing a budget deal ending the neigh's longest state government shutdown in a decade. >> it destroyed minnesota's reservist standing for a state of responsible government and a balanced government and one that's not going to be hijacked by the tea party intransigence. patti ann: republicans have stood their ground on not raising taxes, but minnesota's budget deal relies on borrowing, so leaders on both sides of the isle concede -- aisle con
aware of because that is the big fear that if the u.s. goes past august to and as they get close without any deal or from work or options, that the markets which have been expecting them to reach a deal will start to teteeter. host: the increase of the debt limit and a reduction in conjunction with spending cuts and the second tier is the entitlement reform, correct? guest: that's correct. the second tier would be set up a process in congress whether it is committee for a certain date that congress has to act by through its normal process -- that is what they are talking about right bell. host: russell berman of of the hill. you can read his articles on thehill.com. thank you for being on the program. we want to consider -- continue our discussion. we will get back to this article by russell berman and you confided atthehill.com. let's go to our phones. caller: our you doing? host: what do you think about this two-tiered debt approach? caller: i think it is a tactic to get to the presidential election in 2012. i would like to know if the republicans are bent on destroying the new deal. w
beginning to deal with all the grief here. incredible this country is not that big, only 5 million people, so such a massive attack has really taken its toll. as someone was telling me this morning, everybody knows somebody, that knows somebody or is related to them. the kids in the camp were womaning from all over the country. finally, jenna, it's very sad in so much of these parts the judge saying after tharbg the hearing waafter that, the hearing was closed and but he came out and talked a little bit about it. he said he was not interested in the number of people he had to kill, he just wanted to make a statement. he certainly did that. jenna: certainly indeed and sad as you say, greg. more developments as we get them from norway, greg burke, thank you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill t
that part of big government. final you have oil leases. if we examine end today the number of over shore lease -- if we extended the number of offshore leases it would help balance the budget. when clinton and gingrich worked out their deal, sale of spectrum, radio and cell phones back then was an important part of that revenue. you can shrink government and increase revenues at the same time. >> sean: you are bringing up creative, out of the box ideas at a time when the nation is going bankrupt this is not what they are discussing this is the problem. the president wants to increase taxes by a trillion dollars. you say he's not going to get it. it is not relevant, because that's what he wants. the president wants to gut defense at a time we have three wars going on. he wants to avoid structurally re any entitlement program. he won't give up on obamacare. -- the imaginary savings are based on phony accounting. ridiculous rosey projections flash flood the interest rates go up we lose all the -- projects if the from rates go up we lose all the -- >> he's pointing at a corporate jet while p
. >>> in minnesota the budget crisis i iso big the government is on the brink of simply shutting down. lawmakers had until midnight to strike a deal. they didn't. >> and that could mean that all the state parks will close. tete of thousands of workers will be laid off just before the holiday weekend. lawmakers have been in a six-month impasse over how to solve a $5 billion deficit. >>> in a first on the presidential campaign trail, congresswoman michele bachmann has revealed that she once suffered a miscarriage. >> bachmann is getting mostly high marks for making such a personal revelation on the painful topic. sharyn alfonsi has the details. >> reporter: it happened at a packed town hall meeting in south carolina. >> after our second child was born we became pregnant with a third baby. and it was an unexpected baby. but of course we were delighted to have this child. and the child was coming along. and we ended up losing that chilil >> reporter: the crowd stood still at attention. >> and it was devastating for both of us, as you can imagine. if any of you have lost a child. >> reporter: bachmann sa
: those investments could come with a big price tag that eventually will come due. we're going to try those chairs, aren't we? heather: we'll fall over. bill: good morning, i'm bill hemmer. health e. more pain. heather: i'm heather nauert, in for martha maccallum. the white house is holding another round of talks but there's a major sticking point, republicans digging in against any tax hikes. >> there was never any agreement to allow tax rates to go up, in any discussion i've ever had with the white house. not once. bill: democrats pushing for those new taxes to bring down the debt. republicans calling for deeper spending cuts. the president calls for a deal by july 22. that's ten days from now. that way, congress has time to pass it before the august 2nd deadline. that's when many in the administration argue that we will start defaulting on some of our bills. stuart varney, fox business network, leading our coverage, good morning. what's this charge about spending later, stuart? >> listen very carefully to what the president said yesterday and he was quite clear, i think, in saying
-stop to seattle? just carry new preparation h totables. discreet, little tubes packed with big relief. from the brand doctors recommend most by name. new preparation h totables. the anywhere preparation h. >> bret: members of the so-called bipartisan gang of six today stood before a group of their fellow senators briefing them on the work they've done so far toward a debt deal. idaho senator mike crapo is one of them. he joins us here in studio. good evening, senator. >> good evening. >> bret: let's start first of all with a broad overview and the reaction to it on capitol hill today. >> we had a positive reaction. we had 50 senators probably equally divided among the republicans and democrats. overall, i would say it's much more positive than i expected. that is a good sign. the overview is this is a comprehensive that i say really a shift in the american fiscal policy dynamics. much broader than a debt ceiling battle we're having. we have haven't brought it out as the debt ceiling battle. this is an effort to deal with the debt crisis. we put everything on the table. which means we are lo
Search Results 0 to 47 of about 48 (some duplicates have been removed)